Aerojet on track to complete work on AR1 rocket engine by 2019 – CEO

WASHINGTON (Reuters) – Aerojet Rocketdyne Holdings Inc is on track to complete development of its AR1 rocket engine by 2019 as a replacement for the Russian-built RD-180 engine after receiving a funding “booster shot” from the U.S. Air Force on Monday, Chief Executive Officer Eileen Drake told Reuters on Tuesday.

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